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Author: CNBC Online news

Ford CEO’s bold move to close a money-losing plant bodes well for long-term stock holders

We believe this change will be meaningful to long-term earnings, and it shows how Ford CEO Jim Farley is taking no prisoners on his drive to profitability. Go to Source

Published June 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

China’s electric vehicle battery supply chain shows signs of forced labor, report says

There are indications that Chinese companies that produce raw materials for EV batteries use forced labor, according to The New York Times. Go to Source

Published June 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

How the massive EV transition is starting in the car rental industry

Led by Hertz and Tesla, the race is on in the rental car industry to transition to EVs. Go to Source

Published June 18, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Production/Sales News, Tesla

Elon Musk had a bad week

In what’s been a particularly eventful year for Elon Musk, this was a decidedly rough week. Go to Source

Published June 17, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Tesla

GM is raising the price of its electric Hummer starting this weekend

GM is increasing the price of its EV Hummer by $6,250. Go to Source

Published June 17, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged GM

Cost to finance a new car hits a record $656 per month — and auto shoppers could pay even more with latest Fed rate hike

As interest rates head higher and auto prices remain elevated, monthly payments are expected to continue squeezing consumers’ budgets. Go to Source

Published June 16, 2022
Categorized as Automotive, News Site, US Motoring Press

GM investing $81M to hand build ultra-exclusive Cadillac Celestiq electric cars

The decision marks the first time GM will build a vehicle for commercial sales at its massive tech campus in Warren, Michigan. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, GM, Production/Sales News

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles

Ford Motor’s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles drop off. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

Chinese Tesla rival Nio launches new electric SUV as competition heats up

Nio shares rose on Wednesday after the company unveiled the ES7 electric SUV which starts at 468,000 Chinese yuan ($69,693). Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context

Federal safety officials stressed that the data is not meant to portray whether one advanced driver-assist system is safer than another. Go to Source

Published June 15, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Tesla

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